Lean hog futures finished the Monday session mixed, with front-month contracts down 5 to 67 cents while deferreds rose 7 to 42 cents. USDA’s national base hog price slipped to $89.04, down 32 cents from the prior day, and the CME Lean Hog Index was also lower. The update points to modest near-term pressure in hog prices, but the move appears limited in scope.
Lean hog futures finished the Monday session mixed, with front-month contracts down 5 to 67 cents while deferreds rose 7 to 42 cents. USDA’s national base hog price slipped to $89.04, down 32 cents from the prior day, and the CME Lean Hog Index was also lower. The update points to modest near-term pressure in hog prices, but the move appears limited in scope.
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mildly negative
Sentiment Score
-0.15
